WGMI ETF Dives Deep into Digital Power with $70 Billion in AI Contracts

The Bitcoin Mining ETF (WGMI) has overhauled its investment strategy, allocating at least 80% of its assets to digital power companies. This shift reflects a structural change in the mining industry, where companies are transitioning from solely focusing on block rewards to expanding into AI and high-performance computing infrastructure.

The new investment strategy encompasses four broad categories: hyperscale data centers, semiconductors and components, power infrastructure and energy storage, and HPC and quantum computing. This mirrors a broader shift in the industry, as mining companies have spent years building large, power-dense facilities that are now being leveraged by AI hosting firms.

The WGMI ETF has identified several already-signed deals between mining companies and AI hosting firms, with total contract values exceeding $70 billion. This figure is seen as a direct trigger behind the fund's revised strategy, which redefines what counts as a mining company in the context of digital power infrastructure.